Marketplace Morning Report for Friday, December 28, 2012
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While there may still be hope for a fiscal cliff agreement, and that could prevent income taxes from going up for many Americans. But we are still likely to lose the payroll tax -- that extra money in your paycheck that was put in to stimulate the economy. This year's drought is hurting more than farmers. The Mississippi River is at its lowest level in decades. It's so bad that the U.S. Army Corps of Engineers is fighting to keep barge traffic moving. And, we look ahead to what the labor market will be like in 2013.
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After a quick update on the strike that almost was, we'll talk about the end of that payroll tax break you probably forgot you were even getting... we'll see how this whole fiscal cliff thing is playing overseas, find out why kids in eastern Montana are putting off college. And the iPhone -- now available in Brazil. And Apple ain't happy.
Posted In: montana, Oil, Jobs
We've told you about the energy boom unfolding in the Northern plains states. Centered in North Dakota, the industry is quickly spilling over into Montana.
Posted In: ports, strike
We head into the weekend facing not one, but two possible shocks to the economy. There's the fiscal cliff, of course. And then there's the ports. Unionized longshoremen at 14 ports from Maine to Houston threaten to strike at midnight on Saturday, over a pay dispute.
Posted In: Charity, non-profit, Investing
Most charitable foundations take a big pot of money, usually bequeathed by a rich guy, and invest it for profit -- then take those profits and donate to charity. Great system … unless you aren't actually earning a profit.
Posted In: Mississippi River, drought, shipping
One stretch of the river is closed during the day so Army Corps of Engineers can blast away rock just below the low water.